Kazakhstan and Malaysia Discussed Incentives for Foreign Direct Investment in the Post-Pandemic Period
KAZAKH INVEST presented more than 150 new investment proposals to Malaysian investors as part of the online webinar “Kazakhstan after the Pandemic: incentives for Foreign Direct Investment”. The event, organized by the Kazakh-Malaysian Business Council (KMDS), was attended by managers and representatives of more than 25 leading Malaysian companies in such areas as agriculture, renewable energy, ICT, machine building, healthcare, pharmaceuticals, etc.
The speakers at the meeting were Chairman of the CMDS Datuk Loo Took Gee, Ambassador of Kazakhstan to Malaysia Bulat Sugurbayev, Director of the Foreign Trade Development Corporation of Malaysia Mansor Shah Wahid, Director of the Investment Promotion and Marketing Department of “NC “KAZAKH INVEST” JSC Kuat Zholdybekov, as well as representatives of the AIFC and QazTrade.
Opening the webinar, the Head of the CMDS Datuk Loo Took Gee noted the great importance of the Kazakh market and the interest of Malaysian business in expanding business ties with Kazakhstan. Kazakhstan's Ambassador to Malaysia Bulat Sugurbayev, confirming this thesis, invited the participants of the webinar to actively establish direct contacts with the Kazakh business community.
In turn, the Director of the Investments Promotion and Marketing Department of KAZAKH INVEST Kuat Zholdybekov presented the investment climate of Kazakhstan to Malaysian companies, he told about measures of state support for investment projects in priority sectors of the economy of the Republic of Kazakhstan. According to him, this meeting made it possible to form further cooperation in investment, trade and economic spheres between Kazakhstan and Malaysia.
“Kazakhstan today is a new opportunity and a huge potential for profitable business. It is worth noting that during the years of Independence, the inflow of FDI to Kazakhstan amounted to more than 360 billion US dollars. The main reasons, among others, are the strategically important location, a favorable business environment, protection of investors rights and our investment incentives. We hope for a significant expansion of fruitful cooperation in the field of investment with Malaysia”, - added Kuat Zholdybekov.
At the same time, the Director of the Service Support Department, Alida Tuyebekova, made a report on the types of state support, the mechanism for obtaining preferences, as well as on the Investment Agreement.
At the end of the webinar, a question and answer session was held, during which participants were able to ask interesting questions and get comprehensive answers to them.